Kuwait Investment Authority,
What is Kuwait Investment Authority?
The term Kuwait Investment Authority (KIA) refers to a state-owned company responsible for managing Kuwait's sovereign wealth fund. The company was founded by the Kuwait Investment Council in 1982 and was set up to manage the state's revenues, most of which come from Kuwait's oil reserves. The world's first and oldest fund was created to reduce the country's dependence on oil.
- The Kuwait Investment Authority is a state-owned company responsible for the management of the Kuwait SWF.
- The KIA was formed to handle the state's revenues, most of which came from Kuwait's excess revenue from oil reserves.
- The fund invests in private and public equity markets, real estate, pensions and alternative investments.
- It is divided into two components: the General Reserve Fund and the Next Generation Fund.
Literal Meanings of Kuwait Investment Authority
Meanings of Kuwait:
The Arabic capital, the official language of the city of Kuwait, is located on the northwest coast of the Persian Gulf and has a population of 3,900,000 (2015 estimate).
Meanings of Investment:
The act or process of investing money for material gain or results.
Siege of a place by enemy forces to encircle or stop it.
Sentences of Investment
Discussion on private investment in road construction
Synonyms of Investment
Meanings of Authority:
The authority or right to order, make decisions and enforce obedience.
A person or organization that has power or control in a particular field, usually in the political or administrative sphere.
The power to influence others, especially your behavior or your knowledge of things.
Sentences of Authority
It has complete control over its subsidiaries
Someone has a natural choice to obey
Synonyms of Authority
the administration, domination, officials, the system, ascendancy, dominion, sovereignty, officialdom, control, charge, rule, the government, the bureaucracy, jurisdiction, command, the people in charge, dominance, mastery, supremacy, the establishment, power